tiprankstipranks
CN Logistics Reports Strong H1 2024 Growth
Company Announcements

CN Logistics Reports Strong H1 2024 Growth

CN Logistics International Holdings Limited (HK:2130) has released an update.

Pick the best stocks and maximize your portfolio:

CN Logistics International Holdings Limited reported a robust interim financial performance for the first half of 2024, with a significant 20.4% increase in revenue and a 41.7% rise in net profit compared to the same period in 2023. The company’s EBITDA soared by 55.3%, reflecting strong growth, particularly in the freight forwarding and cruise logistics sectors, which saw a 27.2% jump in revenue. In response to the positive results, the Board announced an interim dividend of HK2 cents per share.

For further insights into HK:2130 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App